HubSpot, Inc. (NYSE:HUBS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

HubSpot, Inc. (NYSE:HUBS) has been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $863.96.

A number of research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price objective on HubSpot from $710.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, February 13th. Jefferies Financial Group raised their price objective on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Mizuho lifted their target price on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Needham & Company LLC increased their price target on HubSpot from $730.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th.

HubSpot Trading Up 1.5 %

HUBS opened at $697.13 on Thursday. The firm’s 50 day simple moving average is $738.38 and its two-hundred day simple moving average is $645.80. The company has a market capitalization of $36.36 billion, a PE ratio of 7,746.74, a PEG ratio of 41.44 and a beta of 1.72. HubSpot has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. Equities analysts forecast that HubSpot will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total value of $18,497,250.00. Following the transaction, the chief technology officer now directly owns 1,272,077 shares in the company, valued at approximately $941,197,051.53. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,997 shares of company stock worth $35,796,526 in the last three months. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On HubSpot

A number of large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in HubSpot in the 3rd quarter worth about $25,000. Elequin Capital LP bought a new position in shares of HubSpot during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC raised its holdings in shares of HubSpot by 168.8% in the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.